Project 1 Write a 1,000 word report on interpreting financial information. Your report should identify the financial reports used by an organisation in the tourism, travel, hospitality, and event...

1 answer below »

View more »
Answered Same DayDec 09, 2021SITXFIN002Training.Gov.Au

Answer To: Project 1 Write a 1,000 word report on interpreting financial information. Your report should...

Asif answered on Dec 14 2021
161 Votes
Interpreting Financial Information 3
Interpreting Financial Information
Name and Number of Student
Date of Submission
Table of Contents
Executive Summary    3
Introduction    3
Financial Reports/Statements    3
Types of Financia
l Reports    3
Balance Sheet    4
Purpose of Balance Sheet    5
Significance of Balance Sheet    5
Income Statement    6
Objective of Income Statement    7
Benefits of Income Statement    7
Cash Flow Statement    7
Purpose of Cash Flow Statement    8
Advantages of Cash Flow Statement    8
Conclusion    8
References    9
Executive Summary
    In the current, it is obligatory, important and essential for any type of company or organization to prepare financial statements for their internal and external stakeholders. These financial statements are formed and prepared by a company for the different objectives. This paper is analyzes and discusses the various types of financial statements used and formed by a company in the different business sector such as: travel, tourism, event and hospitality.
Introduction
    Generally, financial statements are the economic reports that contain official records of the financial activities and position of a company. These financial statements plays key role in reflecting the overall financial health or wealth of a particular company during a period of time. In the financial reports or statements, all the related economic as well a financial information is presented in a structured format so that investors or stakeholders can get a clear idea about financial status of a company. The main purpose of this research report is to analyze types of financial reports utilized by a company in the travel, tourism, event and hospitality business sector. In this report, types, purposes, uses and significance of financial reports would be analyzed.
Financial Reports/Statements
Financial records/statements are the most valuable written records that reflect a company’s financial performance and health of a company in the event, tourism, travel, and hospitality industry. Moreover, these statements are used as management tools in order to communicate financial information to both external and internal stakeholders. Additionally, financial statements plays fundamental role in disclosing the financial information of a...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
April
January
February
March
April
May
June
July
August
September
October
November
December
2025
2025
2026
2027
SunMonTueWedThuFriSat
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
3
00:00
00:30
01:00
01:30
02:00
02:30
03:00
03:30
04:00
04:30
05:00
05:30
06:00
06:30
07:00
07:30
08:00
08:30
09:00
09:30
10:00
10:30
11:00
11:30
12:00
12:30
13:00
13:30
14:00
14:30
15:00
15:30
16:00
16:30
17:00
17:30
18:00
18:30
19:00
19:30
20:00
20:30
21:00
21:30
22:00
22:30
23:00
23:30